Olympic Athletic Club
- Assets
- $317.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Pittsburgh, PA
- Founding
- 07/1945
- Data as of
- 12/2022
- EIN
- 25-0702517
Organization Overview
Olympic Athletic Club is located in Pittsburgh, PA. The organization was established in 1945. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Olympic Athletic Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olympic Athletic Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Olympic Athletic Club generated $68.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $98.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SOCIAL CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Grec President | 25 | $23,550 | |
Michael Michelessi Vice President | 5 | $0 | |
Lee Boggs Treasurer | 5 | $0 | |
Kevin Steiner Secretary | 5 | $3,993 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,735 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,971 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,026 |
| Professional fees and other payments to independent contractors | $1,696 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $66,380 |
| Total expenses | $98,102 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,388 |
| Other assets | $0 |
| Total assets | $317,936 |
| Total liabilities | $0 |
| Net assets or fund balances | $317,936 |